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34 <br /> County Debt Service and Debt Capacity(General Fund Only)-(Culbreth Science Wing Addition& Delay Middle School#6 included) Attachment <br /> SCENARIO#2 D2 <br /> Fiscal Years 2013-18 <br /> Current <br /> Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year <br /> Debt Service 2012-13 2013-14 2014-16 2016-16 2016-17 2017-18 <br /> 2017-2018-$46,634,774 <br /> County Capital$38,848,508 <br /> Middle School#5(CHCCS)$6,686,266 <br /> New Debt Service - 312,384 1,570,444 4,299,308 5,641,625 <br /> Projected Annual Debt Service 24,887,879 26,188,606 25,724,889 25,756,916 27,451,317 27,732,920 <br /> Projected Annual Debt Service <br /> As a Percent of the General Fund Budget 13.83% 14.33% 13.87% 13.68% 14.37% 14.23% <br /> Available Annual Debt Service Capacity <br /> Based on the 16%Debt Service Policy 2,112,537 1,216,817 2,091,615 2,476,836 1,205,941 1,497,483 <br /> Assumptions: <br /> $ 960,000 of annual debt service=$ 10,000,000 of debt issued at current interest rates for 15 years <br /> $ 800,000 of annual utility debt service=$10,000,000 of debt issued at current interest rates of 20 years <br />